Wakefit Innovations Limited
HDFC Mutual Fund bought 30 lakh shares of Wakefit Innovations for ₹46.49 Cr at ₹154.98 apiece in an open market transaction, increasing its stake from 4.52% to 5.43% and crossing the 5% disclosure threshold.
A direct-to-consumer home and sleep solutions company, Wakefit Innovations designs and sells mattresses, furniture, and home furnishings through its own digital channels and retail outlets. The company manufactures products in-house, enabling control over quality, design, and pricing across its product range. Founded in 2016, it serves the affordable home comfort segment, offering solutions for sleep and living spaces across India.
One of India's oldest and most trusted AMCs with over Rs 7.5 lakh crore in AUM. Founded in 1999 as a joint venture between HDFC Bank and Standard Life. MD and CEO Navneet Munot, formerly CIO of SBI MF, has reinforced the quality and compounding philosophy across equity schemes. HDFC Flexi Cap Fund and HDFC Mid-Cap Opportunities Fund are among the largest actively managed equity schemes in India.